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WSJ reports that Elliott invests in Stratolaunch, a hypersonic flight company.
The Wall Street Journal reported that activist investor Elliott 'Investment Management' has acquired a stake in a company called Stratolaunch. This hypersonic flight company has successfully tested a reusable hypersonic aircraft for the U.S. Military. The Journal reported that Elliott would also gain board representation at privately-held Stratolaunch and its investment is worth several hundreds of millions of dollars. The WSJ reported that the 'exact size' was unknown. Could not 'immediately confirm the WSJ report. Elliott and Stratolaunch didn't immediately respond to our request for comments. In May of last year, the Pentagon announced that Stratolaunch had been part of...